NOVATEK WINS BID FOR ALROSA GAS ASSETS

PAO Novatek gained the open public sale to accumulate a 100% stake in Maretiom Investments Limited (owns 100% fairness share in Geotransgaz) and 100% of Velarion Investments Limited (owns 100% taking part curiosity in Urengoy Gas Company) from Alrosa. The acquisition worth following the public sale amounted to RR 30.three billion.
Geotransgaz holds the hydrocarbon exploration and manufacturing license for the Beregovoy license space, containing estimated hydrocarbon assets of 436 million barrels of oil equal (boe) in response to the Russian useful resource classification as of 31 December 2017, and produced 1.6 billion cubic meters of pure gasoline and 185 thousand tons of gasoline condensate throughout 2017.
The Urengoy Gas Company holds the hydrocarbon exploration and manufacturing license for the Ust-Yamsoveyskiy license space, containing estimated hydrocarbon assets of 650 million boe in response to the Russian useful resource classification as of 31 December 2017.
According to the Chairman of the Management Board Leonid V. Mikhelson, “One of our priorities as highlighted in our current Corporate Strategy Day was to maintain our manufacturing ranges inside attain of the Unified Gas Supply System and in shut proximity to our present transportation and processing infrastructure. The Beregovoy and the Ust-Yamsoveyskiy license areas absolutely meet these standards and characterize high quality reserves bought at a price accretive worth. They will contribute to our gasoline and liquids manufacturing to load our gasoline condensate processing chain thus maximizing the Company’s profitability”.
In 2013, Rosneft agreed to accumulate various oil and gasoline property from ALROSA in Yamalo-Nenets Autonomous Region and within the Republic of Sakha (Yakutia).
Based in Mirny, Sakha Republic, Alrosa is a Russian group of diamond mining firms that has the main function on this planet diamond mining by quantity. (Alrosa subject close to Mirny in 2004 – Image Rne Pierre)

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